Author: Anthony M. Orbison

This commentary is from McKinsey & Company, a partner of Fortune Global Forum. Rodney Zemmel is a senior partner.Listen in to any corporate conference call, whether the company is in retail or telecoms or finance, and there’s a good chance you will hear: “We need to be a tech company.” But what does that mean? For a start, here is what it does not mean. Just as money cannot buy happiness, it cannot turn a company into a tech-savvy star. Investment is necessary but far from sufficient: Not all tech initiatives pay off. Nor does being an early adopter mean…

The NFL is a lucrative business, and popular apparel brand Chubbies saw an opportunity to join in by tapping a tight end to reverse declining sales.This year has been tough for some retail companies, especially those focused on the fashion sector, causing their sales to fall and even plummet due to customers’ more conscious spending amid an uncertain economy.Related: Retail sales grow, but one issue poses major economic threatSolo Brands  (DTC) , the parent company of Chubbies, was forced to lower its full-year guidance for 2024 after its Q1 earnings reports showed declines in multiple key categories, and outcomes were…

Company Name: LNbitsFounders: Ben ArcDate Founded: Project: 2019 | Company: 2022Location of Headquarters: Fully remote (most developers based in Europe)Amount of Bitcoin Held in Treasury: N/ANumber of Employees: 6 (+ “a couple dozen other developers”)Website: https://lnbits.com/Public or Private? PrivateFive years ago, Ben Arc first had the vision for LNbits — free and open-source software that works with any Lightning Network funding source and offers a suite of extensions for both personal and business use cases.The vision for the project came to him in what he describes as a flash of inspiration.“Christian Russo, the developer of the RaspiBlitz, had come down…

How to Analyze and Read Forex Charts: A Step-by-Step Guide Forex charts are a crucial tool for traders, providing valuable insights into market trends, patterns, and fluctuations. By learning to analyze and read forex charts, traders can make more informed decisions, identify profitable trading opportunities, and manage risk more effectively. In this article, we will provide a step-by-step guide on how to analyze and read forex charts. Step 1: Understand the Basics of Forex Charts Before diving into chart analysis, it’s essential to understand the basics of forex charts. Forex charts display the price movements of a currency pair over…

Many of the market indexes may be hitting fresh highs, but the same can’t be said of many actual stocks. Shares of Pinterest (NYSE: PINS) and GitLab (NASDAQ: GTLB) are trading more than 30% off their 52-week highs. PayPal (NASDAQ: PYPL) hit a fresh 52-week high on Monday, but it would still have to quadruple from here to revisit its all-time peak.All three stocks are owned by Cathie Wood’s Ark Invest collection of exchange-traded funds for risk-tolerant growth investors. She added to all three positions on Monday. Let’s take a closer look at Wood’s three latest buys.1. PinterestThere’s good news…

By Pranav Kashyap and Shashwat Chauhan (Reuters) – European shares ended higher on Tuesday, with China-exposed firms such as luxury giants and automakers at the helm of gains after China’s central bank unveiled broad stimulus measures to aid its ailing economy. The pan-European index closed 0.7% higher. The stand out regional performer with a 1.3% jump was France, which is home to a host of luxury brands. China’s central bank announced broad monetary stimulus and property market support measures to revive an economy grappling with strong deflationary pressures and in danger of missing this year’s growth target. “Today’s announcement has…

The ascent of Bitcoin and digital assets has sparked a classic battle, with governments acting as vigilant hawks, trying to control a technology that is as nimble and elusive as a gazelle darting across the savanna of decentralization. In Nigeria, this conflict is as tangled as dense jungle foliage, where regulators strive to enforce their rules on a system meant to evade conventional constraints, while individuals continue to pursue the elusive prize of financial freedom just out of grasp. The Central Bank of Nigeria (CBN) has oscillated between hardline approaches and cautious acceptance, exemplified by its 2021 directive banning banks…

Fed Rate Decision Sparks Forex Volatility: What Happens Next? Last week’s Federal Reserve monetary policy decision sent shockwaves through the global financial markets, particularly in the Forex world. The Fed surprise-dropped interest rates for the first time in 10 years, sparking turmoil in currency markets. For Forex traders and investors alike, the sudden volatility leaves many wondering what’s ahead. The Rate Decision On July 30th, the Federal Open Market Committee (FOMC) announced a bold move, cutting the fed funds target rate by a quarter percentage point to 1.75-2%. This marked the most significant rate cut since September 2008, with policymakers…

Sep. 24, 2024 11:39 AM ETDow Jones Industrial Average Index (DJI), SP500, COMP:INDLVS, AMGN, CAT, WYNN, REGN, BX, V, SMAR, NIO, US10Y, US2YBy: Carla Mozee, SA News Editor uschools Key U.S. equity averages looked for firm direction Tuesday after investors saw a slide in domestic consumer confidence while assessing China’s fresh round of stimulus measures. The averages turned higher after slipping earlier in the session, but gains were modest. Source link

The stock market is a platform where investors buy and sell shares of publicly traded companies. It offers opportunities for individuals and institutions to invest in various sectors of the economy. Blue chip stocks represent shares of large, well-established companies with a history of stable earnings. These companies are often household names and industry leaders. Blue chip stocks are notable for their reliability and financial stability. Investing in blue chip stocks can offer several advantages. They typically provide steady dividends, appealing to income-focused investors. Blue chips often have strong balance sheets and can weather economic downturns better than smaller companies.…